LXi seals contract for £210m sale of 66 Travelodge hotels
LXi REIT has exchanged contracts unconditionally on the sale of 66 Travelodge branded hotels to the Travelodge group for £210 million. As announced on 22 November...
LondonMetric pays £21.2m for Doncaster distribution warehouse
LondonMetric Property has bought a long-let distribution warehouse in Doncaster for £21.2 million, reflecting a NIY of 6.3%. The 264,000 sq ft regional logistics warehouse is let...
Kimco Realty closes $2bn RPT Realty acquisition
Kimco Realty has completed its previously announced $2 billion acquisition of RPT Realty. The REIT added 56 shopping centres, of which 43 are wholly owned,...
LondonMetric and LXi REIT in talks for all-share merger
LondonMetric Property and LXi REIT confirmed that they are in talks regarding a possible all-share merger of the two companies, pursuant to which LondonMetric...
Shaftesbury signs £300m unsecured loan deal with expandable terms
Central London mixed-use REIT Shaftesbury Capital has inked an unsecured loan agreement amounting to £300 million. The initial maturity of this agreement spans three years, with...
SL Green sells 625 Madison Avenue in New York for $633m
SL Green Realty, together with its partners, has agreed to sell the fee ownership interest in 625 Madison Avenue for $632.5 million, or $1,123 per square foot, to...
Tritax Big Box REIT divests six assets for £327m
Tritax Big Box REIT has divested six assets so far in its 2023 financial year for £327m, reflecting a blended net initial yield of 4.34%. The six...
LXi REIT to sell £210m Travelodge hotel portfolio
LXI REIT, a real estate investment trust incorporated in England and Wales, has responded to recent press speculation regarding the potential sale of 66 Travelodge hotels. The company...
UK Commercial Property REIT terminates merger talks with Picton
UK Commercial Property REIT (UKCM) has informed Picton that it is terminating discussions with Picton regarding the possible merger. ''UKCM has been informed by its...
BXP to sell 45% interest in two life sciences properties in Boston to NBIM
Boston Properties (BXP) has agreed to sell a 45% interest in two life sciences development properties located in Kendall Square in Cambridge, Massachusetts, to Norges Bank Investment Management at a...
